Work is underway here between Avenue A and First Avenue, where the existing 3-floor building will be demolished … and a 9-floor residential building will rise…
As NY Yimby first pointed out last November, a developer operating under the name of Acacia 118, LLC is behind the project.
Per NY Yimby...
As with many new projects in neighborhoods that once only supported rentals, 118 East 1st will likely be condos, with its seven units divided over 12,500 square feet of residential space. The average size is a quite hefty 1,800 square feet, with duplexes on the top and bottom and full-floor units in between…
The city has yet to approve the plans for the new building.
This development can't sit well with the owner of Punjabi Grocery & Deli next door. Owner Jashon Singh has reported declining sales these past five years with the ongoing East Houston Reconstruction Project outside his front doors.
The work on East Houston, reportedly three years behind schedule, is expected to wrap up in August. Just in time for the new construction at No. 118.
The new building will also include a 250-square foot retail space on the ground level.
Thanks to EVG reader Gacin for the photos
Previously on EV Grieve:
118 E. 1st St. arrives on the market with so many possibilities, and air rights
118 E. 1st. St. will yield to a new 9-floor residential building